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UAE to Become Leading Destination for Blockchain-Related Businesses in 2019, Experts Say by zaibkang

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· @zaibkang · (edited)
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UAE to Become Leading Destination for Blockchain-Related Businesses in 2019, Experts Say
UAE to Become Leading Destination for Blockchain-Related Businesses in 2019, Experts Say 

The United Arab Emirates (UAE) is looking to join the list of leading destinations for blockchain-related businesses in 2019 due to promising new crypto legislation. Experts commented on the situation to the UAE’s daily newspaper The National on Monday, Dec. 24.

As the UAE has announced a new legal framework for initial coin offerings (ICO) and hinted about possible regulation for crypto exchanges, experts see a possibility for the country to join Malta and Gibraltar as a popular crypto destination.

Hans Fraikin, CEO of Libra Project — a blockchain-driven impact investing program — told The National that the UAE is “perfectly positioned to be a global leader in the ICO space.” He also believes that the country is going to become the most promising jurisdiction for tokenized startups due to its stance on ICOs.

Andrea Bonaceto, CEO of Eterna Capital – a fund management firm in London — also believes that the UAE might be “at the forefront of the industry” owing to the government’s efforts to modernize the financial sector.

However, both experts believe that the UAE has to foster its own developers and investors to ensure a sustainable future of the crypto industry within the country.

As Cointelegraph previously reported, the UAE’s financial regulator revealed in mid-December that a new policy on ICOs will be introduced in early 2019. The Securities and Commodities Authority of the country will reportedly work with the Abu Dhabi Securities Exchange and Dubai Financial Market to develop a platform for ICO token trading.

Concurrently, the UAE is also developing several cryptocurrency and blockchain projects on a state level.

For instance, the country partnered with neighbouring Saudi Arabia to develop a cryptocurrency accepted in cross-border transactions. Moreover, the Advisory Council of the United Arab Emirates Banks Federation has discussed applying blockchain in its member banks to improve Know Your Customer (KYC) processes

Source https://cointelegraph.com/news/uae-to-become-leading-destination-for-blockchain-related-businesses-in-2019-experts-say
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vote details (334)
@arcange ·
Congratulations @zaibkang!
Your post was mentioned in the [Steem Hit Parade for newcomers](https://steemit.com/hit-parade/@arcange/daily-hit-parade-for-newcomers-20181225) in the following category:

* Upvotes - Ranked 9 with 331 upvotes

I also upvoted your post to increase its reward
If you like my work to promote newcomers and give them more visibility on the Steem blockchain, consider to [vote for my witness](https://steemit.com/~witnesses)!
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@cheetah · (edited)
Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
If you believe this is an error, please chat with us in the #cheetah-appeals channel in [our discord](https://discord.gg/7FkETjJ).
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@steemcleaners ·
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[Source](https://cointelegraph.com/news/uae-to-become-leading-destination-for-blockchain-related-businesses-in-2019-experts-say)
Copying/Pasting full or partial texts without adding anything original is frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/faq.html#What_is__cheetah).

[More information and tips on sharing content.](https://steemcleaners.org/copy-paste-plagiarism/)

If you believe this comment is in error, please contact us in [#disputes on Discord](https://discord.gg/YR2Wy5A)
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@zaibkang ·
There is a source at the end of this article i post this article without source due lake of information and experience but now i i edited all my old posts and give credit to original content creator with source and links please check my new posts i am apologise and appealing my account is already on cheetah blacklist
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@zaibkang ·
Please don't drained my account and reputation on my old mistakes i also give explanation on it in my posts in different comments and also appealing on discord chat
I am appealing and requesting to #steemcleaners and #cheetah from one weak with full respect because i understand what mistakes i made i also understand its your job to keep steemit safe from spamming and plagiarism 
Please try to understand my my request and  accept my apologies don't flag me on old posts 
I try my best to learn more about steemit and how to use it how to post original content 
Please give me some time to correct my mistakes 
I am not in hurry take your time verify my content but please considered my comments ,explanations and oppoligies when you make any decisions about my account thanks
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